Question: Table 13-5 Variable Value 10 11 2 3 14 Probability 0.08 0.23 10.32 0.28 10.09 Cumulative Probability 0.08 10.31 0.63 0.91 1.00 Number of Runs

Table 13-5 Variable Value 10 11 2 3 14
Table 13-5 Variable Value 10 11 2 3 14 Probability 0.08 0.23 10.32 0.28 10.09 Cumulative Probability 0.08 10.31 0.63 0.91 1.00 Number of Runs Average Value 200 12.10 According to Table 13-5, which presents a summary of the Monte Carlo output from a simulation of 200 runs, there are 5 possible values for the variable of concern. If random numbers between 01 and 100 are used to generate values, then a random draw of 72 would produce a variable value of 0. 3. 1. 2

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